As a seasoned researcher with a background in blockchain technology and crypto economics, I have closely followed the developments on Ethereum Layer 2 network Base. The recent announcement of the platform’s plan to upgrade its gas target has piqued my interest, given the potential implications for the ecosystem as a whole.
1. “Base, an Ethereum layer 2 network, has unveiled plans to enhance its gas target post past accomplishments, which is known as the Exodus upgrade. This update is anticipated to spur innovation and attract developers to construct on the platform. The crypto community has consistently advocated for quicker and more scalable networks in order to broaden their reach.”
Base Set To Raise Gas Target
30th July will witness an increase in Base’s gas target, heralding a new era with a flow rate of 10 Megagas per second. As mentioned on X (previously Twitter), Jesse Pollak, one of Base’s developers, announced this change. This new target represents a 10% increment from the original goal of 1 Gigagas per second. The crypto community has responded positively to this announcement, as developers strive for improved efficiency in their work.
Last week, the layer 2 network announced that a new target had been set following its achievement of the previous milestone at 8.75Mgas/sec. The new target, raised to 9.375Mgas/s by Base, marks a significant leap towards the upcoming 10Mgas/a goal – a first for the ecosystem as it anticipates further growth.
On July 30th, there’s an significant event taking place at Base. After last week’s successful enhancement of the gas target from 8.75Mgas/sec to 9.375Mgas/sec, we’re set for another considerable boost, raising it to 10Mgas/sec. This marks a major milestone in Base, approaching double-digit Mgas/sec, as we near the first anniversary of its debut.
1. Lately, a surge on our network has resulted in a rise of dropped transactions per second (TPS). However, it’s important to note that, according to Pollak, the network’s TPS reached over 50 for the very first time.
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Network Seeks Innovation
As a crypto investor, I’m excited about the upcoming upgrade on our platform’s ecosystem. The team has shared the details, emphasizing advantages such as more transactions per block and attracting developers. They aim to foster greater economic freedom and innovation in the process. To prepare for this change, Base has released a checklist for node operators before the implementation.
For the majority of builders and users, no action is required alongside tomorrow’s increase. However, if you are operating a Base Node, prepare yourself for heightened activity from those utilizing Base:1. Keep a close watch on your CPU and Disk Input/Output (I/O) levels.
- Upgrade to NVMe SSDs for better throughput
- Enhance CPU performance, focusing on single-core speed.”
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2024-07-29 23:48